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Tag: best supply chain management and analytics course

Why is blockchain important in logistics management?

Posted on by Imarticus Learning
Reading Time: 2 minutes

Blockchain is a new technology that will play an important role in logistics management. By utilizing Blockchain, we can streamline the process and reduce paperwork, time, and costs associated with international trade.

 Blockchain will also make it easier to track the status of shipments as they move from one country to another. This blog post will go through the overview of Blockchain and the benefits of using Blockchain in logistics management.

What is Blockchain?

Blockchain is an automated record-keeping system that makes it possible to improve supply chain efficiency, reduce costs and increase transparency. You can use Blockchain to track shipments across borders by recording the origin, destination, location, timestamps, and other essential data points. 

By utilizing distributed ledger technology (DLT), Blockchain creates an immutable and transparent record of all transactions. It allows for improved trust and collaboration among supply chain partners.

Blockchain is still a new technology, but several companies are already exploring its potential in logistics management. Blockchain has a lot of prospects to revolutionize the logistics industry, and we can see more companies adopting this technology in the coming years.

The benefits of using Blockchain in logistics management are:

  • Increased transparency and trust between supply chain partners
  • Faster, more accurate data sharing across the supply chain
  • Reduced costs and improved efficiency due to reduced paperwork and faster processing times
  • Greater visibility of the entire supply chain, from supplier to customer.
  • Improved security against cyber threats.

How to implement Blockchain in your business?

To implement Blockchain in your business, you need to understand how it works. First, a user or machine creates a block with a unique cryptographic hash. This block contains data and a reference to the previous block.

Blocks are chained together, forming a blockchain, which allows for secure and transparent recording of transactions. Every machine on the network has a full copy of the Blockchain to ensure all members agree and that no one can add or remove blocks without consensus from other network participants. 

This way, it’s impossible for someone to tamper with information recorded on the Blockchain because they would have to change every record across each block on the network.

The future of Blockchain in logistics management is bright. Blockchain technology may change a lot of supply chains across all industries in ways unimaginable today. Blockchain increases the transparency and trust among logistics managers, suppliers, and customers. 

Discover Supply chain Management course with Imarticus Learning.

The logistics and supply chain management course offers an experience beyond just classroom learning – our partnerships allow candidates interested in entering this hands-on field training from some of today’s top professionals!

Supply Chain Analytics is the key to making data-driven strategic, operational, and tactical decisions. 

Course Benefits For Learners:

  • We prepare students for a rewarding career in Supply Chain Management and Analytics by immersing themselves in in-demand tools and projects, including six real-world projects that will provide them with a thorough understanding of the sector. 

     

  • Supply chain management online course prepares students for competitive jobs such as Demand Planner or Data Scientist, which employers today have in high demand! 
  • By utilizing the power of Python, this course will help students become more data-centric and enhance Supply Chain decision-making.

Adopting a data-driven approach to supply chain certification courses

Posted on by Imarticus Learning
Reading Time: 3 minutes

Supply chain analytics is an integral part of SCM (supply chain management) which is entirely data-driven. It primarily depends on gaining insights and values from the huge amounts of data related to various supply chains management elements like procurement, processing, and distribution of commodities. 

Further, supply chain analytics is involved in the collection and compilation of relevant data from across various applications, third-party sources, infrastructure, and upcoming technologies. This improves the quality of tactical and strategic decision-making in supply chain management. You can get better at it by enrolling in a comprehensive supply chain certification course. 

Besides, supply chain analytics also aids in the synchronization of planning and execution by enhancing real-time visibility into these methods and the impact they have on customers. Increased visibility leads to the increase in flexibility in a supply chain network that eventually helps decision-makers to efficiently evaluate tradeoffs amongst customer service and the cost.

How is supply chain analytics related to supply chain management?

Supply chain analytics plays an integral part in supply chain management because it has the ability to think about and make data-driven decisions on the basis of the summary of trusted and relevant data. Since supply chains generate huge amounts of data, supply chain analytics decipher the data to make sense of it and uncover insights and patterns. This is how supply chain management is dependent on supply chain analysis. 

Courses related to supply chain analytics

We can already conclude that a supply chain cannot exist without supply chain analysis. If you are enthusiastic about supply chain management as well as data analysis, then here are some courses that will give you a better insight into the data-driven approach to supply chain management. 

Supply chain analytics certification: This course is meant for individuals who want to learn about how to integrate supply chain management with data analytics. It will help you discover, determine and solve problems in various sectors of a supply chain. Additionally, you will develop data analytics skills and learn how to use tools for improving supply chain performance.

 

Big data analysis and machine learning: This certification will give you added leverage as you will be taught how to use most of the data science tools and techniques that are in demand to make yourself ready for the job market. You will develop important and valuable skills in Python, data analytics, SQL, data visualization with Tableau, and machine learning.

Real industry problems with real industry projects: A business analyst’s role is to prescribe the ultimate solution to any problem and this analytics course emphasises teaching and building up this quality. This course will teach you how to take data and models and connect them to real-world scenarios requiring decision-making in the supply chain and other areas like finance, manufacturing, and human resource management.

Predictive analytics for demand forecasting: Data is the basic raw material that is highly dependent on predictive analysis for understanding it and effectively utilizing it. This specialization helps learners recognize the primary components of predictive analysis which include monitoring big data at any given moment.

It also teaches the importance of Tableau that provides particular views of minuscule events or connects information to the recent forecasts and trends in order to ensure efficient allocation of resources and improve effectiveness.

Supply chain management is a job role that also requires the efficient handling of large amounts of data sometimes. Professional certification in supply chain management or any top-tier supply chain certification will help in acquiring the necessary skills to fit the bill.

It ought to equip you with the knowledge and skillsets that you will require in your journey into supply chain management. You can opt for good courses offering certification in supply chain management online with Imarticus Learning.

Why digitizing supply chain management courses will yield greater efficiency in the new normal?

Posted on by Imarticus Learning
Reading Time: 2 minutes

Why digitizing supply chain management courses will yield greater efficiency in the new normal?

Digitizing the supply chain management system has helped the companies reduce their operational cost and have managed to save more time. This drastic change has increased their overall efficiency. This has become the new normal almost everywhere across the world. 

Does this strategy of digitalization benefit the supply chain management courses as well? Are the SCM online courses as efficient as earlier? Let’s find out!

Online Supply Chain Management courses

Digitization has helped automate the various operations across the various levels of a supply chain. It is also only fitting to digitalize the management courses of such operations and business. The various SCM courses available online provide a curriculum that includes the latest technology in this field. 

For example, the supply chain management online course offered here at Imarticus Learning is created in collaboration with the IIT Roorkee. The course curriculum includes the metrics of the supply chain along with areas such as demand and supply, distribution network, sales and operations, optimal product level, etc. 

The concepts of all these areas are provided by experts in the industry through live interactive sessions and practical sessions so that there is no compromise on the quality of education. There will be continued assessments and assignments to keep track of your progress.

 Online or on-campus? 

Being an online course doesn’t mean that it is similar to on-campus courses, In fact, the Professional Certification In Supply Chain Management & Analytics with IIT, Roorkee offers this wonderful opportunity to have an on-campus experience for the students.  

Moreover, the Capstone project at the end of the courses allows you to work at the campus either in Delhi or Noida. It will be ideal to work with professional mentors and understand more about the industry to have a wonderful start in your supply chain management career. 

So it doesn’t make any major difference between the offline or online courses as both of them cover a similar curriculum. The project will be working with real-life issues inspired by leading companies. The result will be that you are ready with all the necessary job skills required to do well in the supply chain industry. 

How do online courses prepare you for SCM?

Online courses for SCM and other related topics are widely available. The biggest advantage of online courses is that they are available with the latest technologies and changes related to what is happening in the industry. 

They can be quickly tailor-made to accommodate all sorts of job profiles depending upon their demand in the market. Such tailor-made courses help the candidates be more suitable to deal with big data, automation, and other technologies. 

What helps is to prepare aspirants for the particular jobs with the right kind of knowledge to help them get a better edge over others in the same pool. Physical courses do not have this advantage as it can take longer for them to come up with the necessary tools. 

Conclusion

Due to the ongoing pandemic, digitization is the new normal in almost all industries. It has become a part of our lives. The availability of SCM online courses has increased the availability and efficiency of the various aspirants and candidates for the different job opportunities in this industry.

From the supply chain management training perspective, it doesn’t matter how or where the candidate was trained. All it matters is whether or not they are qualified.